@sircryptokami@smartestmoney I don't disagree, but there are different metrics people use to gauge whether something is a good bet. Some simply buy because a token is hot, others will decide based on mc and how much realistic potential for growth exists there
@pixel_ruin@smartestmoney Lets see king but the way the entire crypto market is trading now in some simulation away from any reality. It doesnt consider inflation nor anything else, since this ETF thing it feels takeover competition on who gets all the BTC liquidity as if it will replace dollar.
@sircryptokami@smartestmoney I mean... The marketcap needed to rise from $78 billion in November '21 to $117 billion just to keep the token price from dropping. I'd say it matters. Otherwise people wouldnt care about USD inflation.
@sircryptokami@smartestmoney What do you mean? I'm talking about SOL token inflation itself. Eg. There were 300 million SOL tokens in existence in November 2021 (previous ATH), now there are 460 million. An Increase of more than 50%. Lots of buying pressure is needed to offset inflation and keep price stable
@pixel_ruin@smartestmoney Yes these 20k new solana tokens are mostly created in pump dot fun which is why they have been giga profitable. I will test the theory and wait see any pump dot fun noticeable revenue change and how it will affect SOL 🤖
@sircryptokami@smartestmoney I think it's more about the 20,000 new Solana tokens created each day. It requires a large amount of buying pressure to overcome this while also increasing the price to $1000
@smartestmoney Sir is it good idea to correlate SOL performance solely with pump dot fun scams revenue? Revenue up = SOL still tradable, revenue down = SOL dead, works? 😂
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